Blockchain Solutions for Big Data Challenges: Big Data is one of the fastest growing sectors in the world as every business wants to get insights into the usage patterns of their consumers. Blockchain Big Data refers to massive datasets that are analyzed to reveal underlying patterns using advanced statistical models and data mining. Here’s a look at how these two giant industries can benefit from each other. Companies also have to plan for malicious actors who have access to data centers along with adverse natural calamities. Blockchain development can come in handy here as at their core, and Blockchain are just databases with three essential properties: Decentralization, Immutability, and Integrity. Security If the data were encrypted, time-stamped and appended to an ERC20 token development like Factom instead, there would not be any unauthorized access. Physicians would be able to get instant access, and patients would get a lot of more control over how their sensitive information is used. Using blockchain to drive supply chain transparency The blockchain supply chain is an integral part of how the business runs. With time it has become complicated and cumbersome. You would also agree with the fact that the entire process of the supply chain has too many intermediaries and most of the system still relies on paper. Apart from this, tracing the products and tracking them is also a tedious task. Friction is another problem in the supply chain. There are too many go-betweens. Everybody in the entire chain ranging from suppliers, manufacturers, providers, clients, etc., have to deal with a third-party rather than dealing with each other. Thus, a simple process of demand and supply gets divided into some steps and too many intermediaries.